Wednesday, July 1, 2009

It's Called "Capital Flight"

Today's term boys and girls is called

"Capital flight."

It's when people move their money out of a country because that country's tax rate, regulatory environment or government has become too hostile or impossible to do business in.

It's already happening, well, because Obama is in the truest and literal sense an economic dumbass and thinks people are just going to stay here and take it.

If you need to explain why corporate tax rates are bad to a leftist and if there is a SOLE SINGLE REASON the socialist's economic plan will NOT resurrect the economy, this is it.

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